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Ameren: Q1 Earnings Snapshot
By AP News - May 04, 2023, 04:57 PM ET
Last Updated - Jun 21, 2023, 10:38 PM EDT
ST LOUIS (AP) — ST LOUIS (AP) — Ameren Corp. (AEE) on Thursday reported first-quarter earnings of $264 million.
The St. Louis-based company said it had net income of $1 per share.
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The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The utility posted revenue of $2.06 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.94 billion.
Ameren expects full-year earnings to be $4.25 to $4.45 per share.
Ameren shares have risen nearly 1% since the beginning of the year, while the S&P's 500 index has risen almost 6%. In the final minutes of trading on Thursday, shares hit $89.75, a fall of slightly more than 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AEE">Zacks stock report on AEE at https://www.zacks.com/ap/AEE
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